Businesses For Sale: ASPHALT PAVING

[Premier Business Businesses for Sale Broker]

[Businesses for Sale]

EXECUTIVE SUMMARY
PBG Reference No.: S503
ASPHALT PAVING

We are pleased to present this business opportunity for your review. Premier Business Group, Ltd. is one of the leading business brokerage firms in the Midwest. We specialize in representing manufacturing, distribution and service companies in the divestiture process. The Seller pays our fees; there is no monetary obligation to prospective purchasers. Premiers' expertise includes assisting in structuring the transaction and financing. We encourage you to make an appointment with the broker listed on this offering to discuss your needs, to obtain further information regarding the company you are inquiring about, and to receive information on other companies that may be of interest.

Established in 1993, this profitable asphalt paving company has been providing a variety of services to all segments of the asphalt paving industry. While primarily serving commercial, industrial, and residential clients, they also provide asphalt paving services for local municipalities. The company draws work from a 50 mile radius, preferring not to solicit work or bid on projects outside of this general area.

In addition to working in new construction, the company has earned a solid reputation for their work installing walking paths, bike paths, golf cart paths, and commercial parking lots. Whereas the company concentrates on asphalt paving, the company also provides other related services such as crack sealing, seal coating, and striping. During the winter the company plows snow in the area.

Building on early, aggressive growth, the owner has been satisfied to focus on existing customers for a number of years. There have been no marketing efforts, and the field staff has been kept fairly small. Nevertheless, a solid reputation for expertise, dependability, and fair competitive pricing has insured a steady stream of repeat business, new client referrals, and continued profitability.

However, there is tremendous opportunity for growth by increasing the field and estimators staffs and instituting a directed outreach program. A new owner can position the company’s valuable status in bidding on a wealth of local and regional projects in the construction, repair and maintenance of asphalt paving.

This profitable company which is located in an area which is currently experiencing heavy growth in terms of commercial and industrial development is an outstanding opportunity for either the entrepreneur, or a strategic match for companies looking to expand their current operation.

FINANCIAL HIGHLIGHTS

2007 2006 2005

SALES $1,503,017 $1,901,056 $   935,140

EBITDAS* $   372,166 $   507,632 $   171,325

* Earnings before Interest, Taxes, Depreciation, Amortization, and Owners Salary.

DEAL STRUCTURE

“Open to Offer”
Real Estate .54 Acres $ 720,000

Net Working Capital

Included in the purchase price will be net working capital. (Net Working Capital will be defined as Accounts Receivable and Inventory less Accounts Payable).

All furniture, fixtures and equipment, computer hardware, software and supplies will be included in the sale. The seller’s personal items and vehicles will be excluded. The assets of the business are to be sold free and clear of all claims, debts, liens, or other liabilities, with the buyer receiving a good and marketable title.

At closing, should the net working capital differ from the agreed upon amount, there will be a corresponding adjustment in the purchase price.

Assets Included Amount

Fixed Assets $  500,000

Inventory $    50,000

Net Accounts Receivable $  100,000

Total $  650,000

INFORMATION SUMMARY

Location: Southwest Suburbs of Chicago

Established: 1993
Ownership: S Corp
Facilities: 6000 sq. ft building houses two offices and shop area.
Lot size .54 Acres
Rent: $ 4,200
Employees: 9 employees- union and non union.
Reason for Sale: Other interests
Training: As needed for a smooth transition

MARKETING AGENT

Premier Business Group, Ltd.
1130 Lake Cook Road, Suite 210,
Buffalo Grove, IL 60089
847/465-9000

This information is provided for discussion purposes only. No representation is made by Broker as to the accuracy of the information provided or any other information supplied. Broker encourages the Prospect to thoroughly review and independently verify to his own satisfaction that the information provided is substantially representative of the business activity.